Hospice News

OCTOBER 30, 2024

Four nonprofit hospices have affiliated with Chapters Health System, expanding the Florida-based hospice and senior services provider to three new states. The agreement includes Hospice of East Bay and Hospice of Santa Cruz County in California, as well as Nathan Adelson Hospice in Las Vegas and Willamette Vital Health in Oregon.

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Hospice News

AUGUST 4, 2023

Hospice of the Chesapeake has exceeded its growth expectations since its 2020 acquisition of Hospice of Charles County. At the transaction’s closing, the acquisition boosted Hospice of the Chesapeake’s average daily census to more than 620, up from 580. The financial terms of the transactions were undisclosed.

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Hospice News

DECEMBER 20, 2024

Total Medicare hospice spending accounted for $25.7 in 2022, but lower than in 2020 and 2021 during the height of the COVID-19 pandemic. Trillion appeared first on Hospice News. Centers for Medicare & Medicaid Services (CMS) found. This growth took place at a faster pace in 2023 than prior years. The post U.S.

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Hospice News

JANUARY 13, 2025

New executives have stepped into c-suite and other roles at some of the nations largest hospice organizations as 2025 kicks off. Johnson will oversee the work of Empaths several foundations Suncoast Hospice Foundation, Tidewell Foundation, Hospice of Marion County Foundation and Trustbridge Hospice Foundation.

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Hospice News

APRIL 10, 2025

Hospice acquisitions saw a gentle rebound in Q1 2025. Deal volume is up relative to 2024s slump, but activity has not reached the boom levels of 2020 and 2021. When I say the activity I’m not just talking about closed deals, Mertz Taggart Managing Partner Cory Mertz told Hospice News. So there’s definitely momentum.

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Hospice News

APRIL 11, 2025

Many hospices in 2025 are driving to expand in the senior housing and assisted living space. Many seniors are looking to assisted or senior living facilities as they age, Susan Ponder Stansel, CEO of Florida-based Alivia Care, said at the Hospice News ELEVATE conference in Orlando, Florida. To me, that’s a great opportunity.

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Hospice News

MARCH 18, 2025

The company projected evolving hospice industry dynamics over the next year. Texas-headquartered Addus provides personal care, home health and hospice services in 23 states. Addus has taken a more conservative strategic approach, joining the pool of hospice providers scaling back on large purchases.

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Hospice News

MARCH 7, 2025

But palliative providers have long-faced a challenging reimbursement trajectory in supporting their sustainability, she said during Hospice News virtual Palliative Care Outlook Summit. The post-hospice carve-in landscape left lingering questions around the potential for a widening scope of palliative value-based reimbursement.

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Hospice News

APRIL 2, 2025

Tuck-in are smaller deals the company pursues within its existing markets and co-locating its multifaceted business lines, including home health, hospice, personal care, private-pay nursing and therapy services. They have to be very strong clinically, and then they’ve got to be compliant, Herman told Hospice News.

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Hospice News

MARCH 4, 2025

Thyme Care was established toward the end of 2020 following a $16 million funding round, led by Town Hall Ventures and Foresite Capital. The post Humana, Thyme Care Partnership to Expand Access to Palliative Care appeared first on Hospice News.

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Hospice News

MARCH 3, 2023

The families of patients who received care from nonprofit hospices give their providers higher marks on quality than those who went with for-profits, a RAND Corp. These findings are particularly pressing given the striking growth of for-profit hospices, which have profit incentives that have been shown to affect how they care for patients.”

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Hospice News

APRIL 3, 2025

AccentCare is primed for further hospice growth, with both health system joint ventures and de novo activity as twin cornerstones of its strategy. Dallas-headquartered AccentCare provides hospice, home health, personal and palliative care across 32 states and in the District of Columbia.

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Hospice News

NOVEMBER 10, 2023

Texas-based Choice Health at Home LLC has inked a deal to acquire Lumicare Hospice, growing its presence in two current markets while establishing services in a new state. Lumicare Hospice has locations in Texas and Arizona, two states in Choice’s existing service region. Hospice utilization in the state reached 50.4%

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Hospice News

NOVEMBER 20, 2024

New Day Healthcare LLC is prioritizing hospice growth in its strategic plans as the home-based care company focuses on improving quality for patients across the care continuum. Texas-based New Day launched in 2020 by a group of former hospice and home health professionals. Hospice], is a tough industry.

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Hospice News

OCTOBER 9, 2023

Calls have grown louder for an overhauled design of the Medicare Hospice Benefit, but the path towards change is riddled with contrasting views over regulation, policy and payment structures. One part of the issue is that hospice reimbursement has not kept pace with evolving patient needs, Grant said.

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Hospice News

SEPTEMBER 19, 2024

on Wednesday, which will likely have an impact on hospice M&A. Interest rates have widespread implications for the hospice mergers and acquisitions market, particularly when it comes to private equity investments. The reduction marks the first rate cut since 2020. The Federal Reserve cut interest rates by 0.5% in 2022 to 2.5%

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Hospice News

MAY 28, 2024

Stoneridge Hospice has opened a new palliative care branch in Scottsdale, Arizona. “Our decision to establish a palliative care branch in Scottsdale aligns with our mission to provide comfort, dignity and support to individuals and families during challenging times,” said Patti Brazel, executive director at Stoneridge Hospice.

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Hospice News

APRIL 11, 2025

A few hospice executives have recently announced their retirement as new leaders step forward at a number of organizations. Texas-headquartered Addus provides personal care, home health and hospice services in 22 states. Established nearly 45 years ago, Hospice of the Chesapeake provides services in four west coast Maryland counties.

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Hospice News

JUNE 19, 2024

Silverstone came on the scene in 2020 as a standalone hospice after CEO Alfonso Montiel’s purchase and rebranding of Comfort Care Hospice in the Dallas-Fort Worth region. Every service line, whether acquired or from scratch, we had mapped and anticipated its synchronization within the whole,” Montiel told Hospice News.

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Hospice News

OCTOBER 30, 2023

A rising number of hospices have undergone name changes in recent years, prompting many to consider the elements of an effective rebranding strategy. Hospices should avoid brand names that are too generic or that focus on one particular service line or portion of their geographic footprint.

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Hospice News

FEBRUARY 2, 2023

Given the critical role of family caregivers in home-based care, hospices have a vested interest in expanding their access to support. And while hospices offer social workers and spiritual care, many families continue to have unmet needs that could impede some patients’ access to hospice.

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Hospice News

JULY 30, 2024

Centers for Medicare & Medicaid Services (CMS) has unveiled its final 2025 hospice rule, which includes a 2.9% The increase represents an estimated $790 million rise in total hospice payments compared to Fiscal Year (FY) 2024. The finalized hospice cap amount for FY 2025 is $34,465.34, up from $33,494.01 this year. “The

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Hospice News

MAY 8, 2024

Centers for Medicare & Medicaid Services (CMS) should beef up hospice oversight, including addressing overdue surveys. To date, CMS has fully implemented five and partially implemented three of eight provisions of the Consolidated Appropriations Act, 2021 (CAA), though quality issues persist in the hospice space.

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Hospice News

MAY 1, 2023

On June 1, LifeTouch Hospice will merge with Arkansas Hospice. Both hospices are owned and operated by the SHARE Foundation, a nonprofit, faith-based organization. The hospice last year served 430 patients in a five-county region of Arkansas. Meanwhile, Arkansas Hospice has fared better.

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Hospice News

DECEMBER 8, 2023

The durable medical equipment (DME) provider National HME has acquired Hospice Source, also a DME company. The Texas-based company developed its Hospice Cloud Pro technology platform to facilitate consolidated equipment ordering and provide clients with data on utilization, cost trends, and network management for reporting and analytics. “We

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Hospice News

JANUARY 8, 2024

The home health and hospice provider New Day Healthcare has acquired Texas-based Compassion Hospice for an undisclosed amount. The company’s nearly 6,500 employees serve close to 100,000 patients annually across all of its business lines, including home health, hospice, pediatrics, clinical decision support and personal care.

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Hospice News

MARCH 25, 2024

Arizona-based Stoneridge Hospice launched services in 2020 with an aim to address a swelling aging population’s growing need for end-of-life care. Stoneridge Hospice provides home-based hospice and also contracts with other providers to offer facility-based services. Stoneridge Hospice launched in 2020.

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Hospice News

MAY 2, 2022

Without assistance or relief, these difficulties can impede access to hospice. Research has shown that patients who are faced with end-of-life decisions may be less likely to choose hospice unless they have a network of friends or family who can serve as home caregivers. This only worsened during COVID-19.

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Hospice News

MAY 9, 2024

Centers for Medicare & Medicaid Services (CMS) on continuing evidence of hospice fraud and quality issues. We must urgently address the bad actors who are abusing the hospice benefit and harming patients and families,” the legislators wrote in the letter. “We Beth Van Duyne (R-Texas) and Earl Blumenaur (D-Ore.) Yesterday, the U.S.

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Hospice News

DECEMBER 14, 2022

seen in 2020, with the slowdown largely attributed to reduced spending on COVID-19 support, including Paycheck Protection Program (PPP) loans and the Provider Relief Fund (PRF). These sources continue to provide funding in 2021, but at much lower levels and in 2020.”. in 2020, according to the Medicare Payment Advisory Commission.

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Hospice News

SEPTEMBER 27, 2023

Hospices tend to see an increase in dementia patient admissions as well as home-based utilization following an acquisition by a private equity firm or a publicly traded company. After an acquisition by a public company, hospices saw a 1.4% A little more than 20% of hospice decedents in 2020 suffered from dementia, up from 18.5%

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Hospice News

JANUARY 5, 2024

Recent years have seen an uptick in consolidation activity among nonprofits in the hospice space. To achieve these kinds of growth, hospices must consider whether they should affiliate or buy another company outright. In the intervening months, Hope Hospice also joined the transaction.

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Hospice News

JULY 14, 2022

Margin pressures from the proposed cuts to Medicare home health rates could impact palliative care and hospice. The agency cited budget neutrality requirements to explain the cuts, as well as adjustments related to the Patient-Driven Groupings Model (PDGM), a new payment system introduced in 2020. pay hike for hospice care in 2023.

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Hospice News

OCTOBER 10, 2024

Cameron Muir has been named as the new CMO of the National Partnership for Healthcare and Hospice Innovation (NPHI). His new title signals the organization’s strategic plans to reshape hospice care delivery through patient-centered, innovative approaches, according to NPHI CEO Tom Koutsoumpas.

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Hospice News

JANUARY 3, 2023

Kathy Hochul (D) has vetoed legislation that would have effectively banned new, for-profit hospices in the state. It would have prohibited the establishment of for-profit hospices in New York state and forbid current for-profit operators from increasing capacity. . Utah had the highest rate at 60.7%.

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Hospice News

JULY 12, 2022

More hospice and palliative care providers are pursuing joint ventures with hospitals and health systems. There’s a lot of patients that fall through the cracks because there’s not that longitudinal model of care that’s really in place,” Stein said at the Hospice News Palliative Care Conference. It’s going both ways.”.

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Hospice News

SEPTEMBER 24, 2024

Traditions Health Names SVP of Hospice Operations Traditions Health has appointed Tom Moreland as its new senior vice president of hospice operations. Franklin, Tennessee-headquartered Traditions provides hospice, home health and palliative care as well as consulting services across 18 states.

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